Assignments
When putting a property under contract with the owner to assign it, what contract do I use with the owner?
1. A promissory note
2. A purchase options offer; or
3. A regular standard sales contract
And if I use a regular sales contract with my name and info as the original buyer , once I assign the property how do I have the title company change my name and information from the contract to the assignee?
Thanks for your help
First you need to educate yourself on "wholesaling" to understand the concept. In a nut shell, all you do is write up a P&S contract with the seller, include your assignment clause, perform your due dilligence and the new buyer will show up at the closing and purchase the property.
[addsig]